XAUUSD ( BREAKING TURNING LEVEL (1) ) ( 4H )

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XAUUSD

HELLO TRADERS

as mentioned until the price remain a turning level (2) at 2,391$ , indicates to reach 2,420$ .
yesterday the price sharply rising nearby +450pip , currently stabilizing 2,420$ as long as the price trading above this level directly toward to reach 2,436$

  • Tendency, the price trading above turning level (1) , this makes the upward direction active .

  • Upward Zone : currently the price remain turning level (1) , until the price trading above this level we can see strong upward trending to reach resistance level (1) at 2,436$ and resistance level (2) at 2,459$ .

  • Downward Zone: by breaking turning level (1) around 2,420$ , the price dropping to reach a turning level (2) at 2,391$ , to confirm downward , the price need breaking 2,391$ by open 4h candle below it to reach a support level (1) at 2,364 , then to reach support level (2) at 2,346$.


TARGET LEVEL :
  • RESISTANCE LEVEL : 2,436$ , 2,459$ , 2,474$ .
  • SUPPORT LEVEL : 2,364$ , 2,346$ .

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